Hong Kong · Delayed Price · Currency is HKD Hysan Development Company Earnings Call Transcripts
Fiscal Year 2026
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Solid interim results with stable turnover and profit growth driven by retail and residential gains. Retail tenant sales rose 17% and office occupancy remained resilient, while capital recycling and cost control improved financial strength. Confident outlook for Lee Garden Eight and refinancing.
Fiscal Year 2025
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Turnover and underlying profit grew year-on-year, with strong retail and residential performance, robust luxury tenant sales, and improved office occupancy. Capital recycling and prudent financial management strengthened liquidity and reduced gearing. Retail outperformed the market, while office recovery lags.
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Solid H1 2025 results with 2.2% turnover growth and strong retail performance, despite market headwinds. Capital recycling and prudent financial management support ongoing transformation and resilience, with Lee Gardens maintaining high occupancy and tenant sales growth.
Fiscal Year 2024
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Turnover grew 6.2% year-over-year, led by strong retail and Shanghai office ramp-up, while office turnover declined slightly but occupancy remained stable. Major renovations and digital initiatives boosted engagement, and early 2025 saw a rebound in tenant sales and footfall.
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Revenue grew 5% year-on-year to HKD 1.69 billion, driven by retail rejuvenation and strong loyalty programs. Strategic projects and flex office investments are contributing to growth, with Lee Garden Eight and other developments on track for 2026 completion.
Fiscal Year 2023
Fiscal Year 2022
Fiscal Year 2021
Fiscal Year 2020
Fiscal Year 2019
Fiscal Year 2018
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H1 turnover rose 6.8% and recurring underlying profit 4.3%; a HK$1.7bn property valuation gain boosted reported profit. Retail and office operations strengthened, while Lee Garden Three ramped up and 2018 start-up expenses were expected to normalize from 2019.